Streetbeat News

Regulatory

COMS

COMSovereign has received another Nasdaq listing determination, which could affect its stock listing status. The company is likely addressing compliance issues to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:32 pm

ALPP

Alpine 4 Holdings has received a notice regarding non-compliance with a Nasdaq Listing Rule. The company has 60 days from November 16, 2023, to submit a plan to Nasdaq detailing steps to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:21 pm

WALD

Waldencast has received a notice from Nasdaq granting a stay of delisting, allowing the company to remain listed on the exchange while it works to meet the necessary requirements.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:05 pm

COIN

MARA

RIOT

Crypto-related stocks Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Coinbase Global (COIN) saw gains on Wednesday, moving in tandem with the crypto market and Bitcoin's rise. The uptrend was influenced by the election of a pro-Bitcoin Argentinian presidential candidate and volatility from Binance's legal developments. Bitcoin's increase and the potential for a Bitcoin ETF approval contributed to the positive sentiment.

Portfolio Pulse from Ryan Gustafson

November 22, 2023 | 9:55 pm

LQR

LQR House has received a Staff Delisting Determination from Nasdaq and plans to appeal the decision by requesting a hearing before a Nasdaq Hearings Panel, as per Nasdaq Listing Rule 5800 Series procedures.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:33 pm

BNBUSD

BTCUSD

SEC Commissioner Hester Peirce advocates for the approval of a spot Bitcoin ETF, stating there's 'no reason' to block it, especially after Binance's $4 billion settlement with the Justice Department. She emphasizes the need for clear regulatory guidelines for the crypto industry and a realistic compliance framework.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 9:32 pm

ARGT

YPF

Argentina's president-elect Javier Milei plans to privatize national companies, cut public spending, and replace the peso with the U.S. dollar. The Global X MSCI Argentina ETF (ARGT) rose 10% after his election. Milei also intends to renationalize YPF (YPF), which is involved in a legal dispute over a 2012 seizure, with a $16.1B fine currently under appeal in the U.S. Additionally, Milei claims sovereignty over the Falkland Islands, sparking a response from the UK government.

Portfolio Pulse from Neil Dennis

November 22, 2023 | 9:08 pm

GM

Cruise, GM's autonomous vehicle subsidiary, is planning a cautious re-launch of its driverless robotaxi service in one city, potentially in Texas or Arizona, following safety concerns and a pedestrian accident in San Francisco. The company will focus on its electric Bolt robotaxis and lay off non-engineering staff. GM will pause production of the Origin van and does not plan to produce more in 2024. Cruise's license to operate in California has been revoked, making Texas or Phoenix more likely choices for the re-launch.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:04 pm

AGFY

Agrify Corporation (AGFY) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has closed below the minimum $1 per share for 30 consecutive business days. Agrify now has a compliance period of 180 calendar days to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:01 pm

GII

IFRA

IGF

PAVE

TOLZ

President Joe Biden, trailing Donald Trump in 2024 election polls, is advised by Democratic experts to focus on infrastructure and social security to win. The Bipartisan Infrastructure Law, with $1.2 trillion investment in U.S. infrastructure, is highlighted as a key achievement. House Democrats are strategizing on messaging this success. Infrastructure ETFs like PAVE, IGF, IFRA, GII, and TOLZ could benefit from increased focus on infrastructure spending. Social security is also suggested as a critical issue for Biden to address, with potential plans to expand benefits.

Portfolio Pulse from Chris Katje

November 22, 2023 | 8:54 pm